What question 39 Use the following to answer questions 34 – 39ST reports the following income statement results:S700,000221,57548,800SalesOperating expenseNet incomeSales returns & allowances25,000Gross profit282,825Interest expense25034. $Calculate Net sales:35.$CalculateCostofGoodsSold$Calculateoperating36.income37. $Calculate Income before Income tax(IBT)%.Calculatethe gross profit38.margin(one decimal place)%.Calculate the net profit margin (one39.decimal place)

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Description: What question 39 Use the following to answer questions 34 – 39ST reports the following income statement results:S700,000221,57548,800SalesOperating expenseNet incomeSales returns & allowances25,000Gross profit282,825Interest expense25034. $Calculate

As requested to answer the number 39 so we are answering only 39.

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Accounting

Use the following to answer questions 34 – 39 - ST reports the following income statement results: S700,000 221,575 48,800 25,000 Sales Operating expense Net income Sales returns & allowances fit 282 825

Use the following to answer questions 34 – 39 - ST reports the following income statement results: S700,000 221,575 48,800 25,000 Sales Operating expense Net income Sales returns & allowances fit 282 825

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter2: Financial Statements, Cash Flow,and Taxes

Section: Chapter Questions

Problem 15P: Use the following income statement of Elliott Game Theory Consulting to determine its net operating...

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Please answer very fast then i ll upvote Calculate EBIT. Revenue 1,061,751.0 Cost of sales 690,135.0 Selling, general and administration 53,087.0 Other income 11,796.0 Operating income 330,325.0 Interest expense 19,874.0 Profit before tax 310,451.0 Tax expense 46,500.0 Net income 263,951.0 The footnotes mention the following: Cost of sales includes inventory write off costs 39,677.0 Cost of sales includes distribution costs 120,458.0 SG&A includes corporate restructuring expenses 15,570.0 Responses 385,572.0 275,078.0 330,325.0 506,030.0
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Consider the following income statement: Sales Costs Depreciation Taxes Calculate the EBIT. EBIT $748,168 486,752 110,700 Net income 23% Calculate the net income.